SINGAPORE (Oct 18): CGS-CIMB Securities does not expect Sembcorp Marine to meet the house's $2 billion and Street's $2-3 billion order target for 2018.

In a Thursday report, analyst Lim Siew Khee thinks a more achievable figure is $1-1.5 billion and on a $1 billion order assumption for 2018, our earnings for FY19F-20F could be reduced by 6% p.a.

"We are leaving our numbers unchanged for now," says Lim although year to date, SembMarine has only clinched $730 million of orders.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook